KUALA LUMPUR Bank Negara Malaysia (BNM) maintained the overnight policy rate (OPR) at 3% at its Monetary Policy Committee (MPC) meeting on Thursday.
It said inflation in the first quarter ended March 31 remained low at 1.5%. "While inflation is expected to continue to rise during the year, it is projected to remain modest. Domestic supply and cost factors are expected to contribute to higher prices," it said.
BNM said the MPC considered the current stance of monetary policy to be appropriate given the outlook for inflation and growth.
The Overnight Policy Rate (OPR) from Bank Negara Malaysia is reference for banks in BLR adjustments, but there might differ from bank to others bank. At the global money market down turn, BLR will get lower and if the money market on uptrend, it will correlation upward. It is wisely and timely to consider take up mortgage loan and start to own your property at the lower BLR as current.